AS Economics Ch1, 2
Authored by B Chui
Business
11th - 12th Grade
Used 4+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
ceteris paribus
all things being equal; assumption that all other variables is kept constant/no change
money you have left to spend after paying taxes and bills
based on scientific testing
a thing that is produced to be sold
an idea that is suggested as an explanation, but has not been proven
2.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
disposable income
all things being equal; assumption that all other variables is kept constant/no change
money you have left to spend after paying taxes and bills
based on scientific testing
a thing that is produced to be sold
an idea that is suggested as an explanation, but has not been proven
3.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
empirical
all things being equal; assumption that all other variables is kept constant/no change
money you have left to spend after paying taxes and bills
based on scientific testing
a thing that is produced to be sold
an idea that is suggested as an explanation, but has not been proven
4.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
good
all things being equal; assumption that all other variables is kept constant/no change
money you have left to spend after paying taxes and bills
based on scientific testing
a thing that is produced to be sold
an idea that is suggested as an explanation, but has not been proven
5.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
hypothesis
all things being equal; assumption that all other variables is kept constant/no change
money you have left to spend after paying taxes and bills
based on scientific testing
a thing that is produced to be sold
an idea that is suggested as an explanation, but has not been proven
6.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
inequality
an unfair situation which some groups have more money and power
a theory or model that has been verified by empirical evidence
study and presentation of policy involving judgements about how resources are allocated
statements can't be supported or refuted
scientific study of allocation of resources
7.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
law
an unfair situation which some groups have more money and power
a theory or model that has been verified by empirical evidence
study and presentation of policy involving judgements about how resources are allocated
statements can't be supported or refuted
scientific study of allocation of resources
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